Swiss Company Announces: Is the World's First XRP ETP?

SIX, Switzerland's main stock exchange, announced in a recent announcement that another crypto-money-based ETP could be launched and the third largest crypto currency, which is directly dependent on the total market volume. XRPStressed that he would follow the price of the price.

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In an interview with Hany Rashwan, co-founder and CEO of Swiss-based Amun AG, which has already launched several crypto-money ETPs, he said the company has received approval for the launch of the ETP from the SIX stock exchange with the XRP-linked ETP, which will be called the AXRP.

”We can easily say that we hope to launch the world's first XRP ETP in the next two months.”

Bitcoin Cash, Litecoin, Stellar and EOS on the Road!

Rashwan explained that Amun's XRP ETP, as well as Bitcoin Cash, Litecoin, Stellar Lumens and EOS, were also included in the statement. Although the date of the release of the ETPs due to the crypto money is not clear, the company is considering the launch of all these crypto money ETPs on the SIX exchange until the end of the year.

As it is known, the SIX stock exchange listed the first ETP of the world indexed to more than one crypto money price last November. The product was created by Amun and was offered to individual investors under the name c HODL L.

While many of the crypto money investors are expecting a Bitcoin ETF, the fact that this product comes from Switzerland cannot create exactly the desired effect. One of the main reasons for this is the amount of people and volume reached by the stock exchanges within the US.

However, the proliferation of crypto-money indexed products and ETPs in traditional stock exchanges can be considered a very positive development for the crypto-money world.

Swiss Company Announces: Is the World's First XRP ETP? Ali Emre KONAKÇI is the author of the article and published on koinbulteni.com.